Drink up, baby down

I watched the last few minutes of Oprah last night and managed to catch these points on managing your financial life:

Well i know there's a whole lot more to that, so to those of you who likes reading and is clueless on how to manage your finance at all, go ahead and pick this up:

Some parts of it might probably be more applicable to the people in the US but I'm sure there are certain habits that we could inculcate from here. There's an excerpt on it at Oprah's book club here. She has also given us the 5 step plan to secure your finance, which is:

Step 1: Pay Off Your Credit Card Debt
(if you're 26, unmarried, and you already have uncontrollable debts in your credit card, seriously, wake up!)
Step 2: Raise Your FICO Score
Step 3: Create a Spending Action Plan
Step 4: Create a Savings Action Plan
Step 5: Create a Retirement Action Plan

Anyway, i havent gone through all those, but I roughly do have a plan of how to secure myself. It must be regardless of how easy your life seem to be at any moment. Shit can happen to anyone, at any time, so the best thing is try to be prepared for it and do it intelligently. For example, putting emergency funds in the stock would be a very risky move. If you're being laid off and the market crashed, you lose both.

Anyway, to all the women out there, secure yourself financially as your perfect husband might turn out to be and abuser or two timer, or laid off from work that you need a plan B out. Saving $50 a month from the money you get every month, either from your own work or from your husband, if shit happens after 20 years you might have some cash with you to start of somewhere.

And i believe all women should have their financial independence.